Tax Tip Corner™
The Tax Tip Guy™ is here to guide you through the most pressing questions and issues related to your taxes today.
Articles

Do I Need to Make Federal Estimated Tax Payments?
A common concern that I often find that clients have is whether or not they need to make federal estimated

What If I File an Extension?
As a tax practitioner, I have seen the prospect of filing an extension put some taxpayers’ minds at ease and

Issues concerning the 2021 advance child tax credit payments
Potential Issues with the 2021 Advance Child Credits The advance child tax credit payments began on July 15th, 2021. Qualified

Making Tax Season Less Taxing
A little preparation will make tax season less taxing this year! It has been said that this is the most

Required Minimum Distribution
A required minimum distribution is a mandatory distribution of retirement account funds after you reach a certain age. (Age 70

IRS Tax Relief For Certain Areas Impacted by Hurricane IDA
Taxpayers that reside in certain areas or have a business in certain areas that have had a Hurricane Ida disaster

Claiming Business Meals and Entertainment
The Tax Cuts and Jobs Act of 2017 eliminated the deduction for any expenses related to activities generally considered entertainment,

Claiming the Advance Child Tax Credit Payments in 2021
The IRS will pay half of the child tax credit with advance monthly payments starting July 15th. The other half

Just Sold My Home: Will I owe any taxes?
Home Sales and Taxes This is one of the more common questions that I hear every year. I imagine with